Ryan Specialty
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The vehicle will take a quota share of all of the risks underwritten by Ryan Specialty’s MGA arm. -
Keogh worked at Aon for nearly 30 years before retiring in 2022.
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CEO Kieran Dempsey will relinquish the additional title of president.
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Ryan Specialty National Programs consolidates several RSUM business units.
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WKFC’s chief executive D’Onofrio will become RSUM’s global CUO.
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Eric Quinn was named president of Ryan’s MGU operations as Mark Engel joined in marine and energy.
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This was Ryan’s second-largest 2024 deal, after its $1.4bn Assure purchase.
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CEO Tim Turner said the firm still has an ambitious M&A pipeline and financial flexibility to execute deals.
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Acrisure may be the first heavyweight broker to go, with Hub, BroadStreet and Howden also contenders.
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The deal comes around three years after Markel sold a controlling interest in Velocity for $181.3mn.
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Richard Winborn joins as president, while Patrick Mitchell takes on the COO role.
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